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Paytm close to score $2 billion funds from SoftBank, Ant; valuation to soar to $16 billion
Posted on 15th October 2019
Paytm is close to scoring $2 billion of new financing from investors including Jack Ma’s Ant Financial and SoftBank Group Corp., a person familiar with the matter said, describing a mega-deal that will raise the temperature in India’s increasingly heated financial payments arena. Rob Citrone’s Discovery Capital Management is also in discussions to join a funding round that values the country’s top online financial services firm at $16 billion, the person said, asking not to be identified talking about a private deal.

Paytm Payments Bank deposit scheme: Key things to know
Posted on 11th October 2019
Paytm Payments Bank has announced a new fixed deposit scheme for its customers. India's largest payments bank is offering an interest of up to 7.5% on their fixed deposits (FDs) through Paytm Payments Bank's partner bank IndusInd Bank Ltd. The new fixed deposit scheme will be launched in early November.

Paytm Payments Bank user? Your earnings from savings account to fall with revised interest rate
Posted on 10th October 2019
Paytm Payments Bank on Thursday announced reducing their savings account interest rate by 50 basis points to 3.5 per cent from earlier 4 per cent. The new rate will be effective from November 9, 2019. The Reserve Bank of India (RBI) had recently slashed the repo rate by 0.25 basis points to 5.15 per cent from 5.40 per cent earlier that is likely to make home loans and other retail loans cheaper.

Paytm Mall vows big push this festive season for traditional retailers
Posted on 1st October 2019

Paytm Mall said it would generate at least Rs 500 crore in actual sales for its offline brick-and-mortar retailers this festive season. It says so at a time when trader bodies are at loggerheads with Amazon India and Flipkart over the massive discounts during such sale drives.

Paytm Mall is the online shopping platform created by Paytm, the e-commerce payment system and financial technology entity. We have, says the former, been working hard on our omni-channel model.


Paytm Mall maha cashback carnival: Best deals on iPhones, smart TVs, speakers and Laptops
Posted on 26th September 2019
Paytm Mall Maha Cashback Carnival: With Diwali just around the corner, Paytm Mall has announced its festival season sale with great deals on smartphones, laptops, TVs and other accessories. Customers will get benefits of over Rs 100 crores during the festive season on Paytm Mall.

Paytm Mall is launching the Maha Cashback Carnival starting from September 29, 2019 to October 6, 2019. Maha Cashback Carnival is offering customers exclusive deals, discounts and curated offers across categories.


Paytm starts marketing campaign, aims 1.5 bn payments during festival season
Posted on 24th September 2019
New Delhi: Paytm has started a marketing campaign to promote the interoperability feature of its quick response (QR) code scanning application, with the feature aiming 1.5 billion merchant payments on its platform during the festival season, the company said in a release.

Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar Sharma
Posted on 6th September 2019
Paytm will start preparations for an initial public offering (IPO) in the next 22-24 months, its founder and CEO Vijay Shekhar Sharma said at the HT-Mint Asia Leadership Summit in Singapore on Friday.

The Indian e-commerce and digital payments giant last disclosed raising $300 million from Warren Buffet’s Berkshire Hathaway in 2018. Its valuation has skyrocketed to $15 billion, Sharma recently told Mint.


Paytm eyes healthcare payments space, seeks to add doctors to widen user base
Posted on 28th August 2019
BENGALURU : Digital payments company Paytm, valued at about $15 billion, is set to enter the healthcare payments space to widen its customer base.

Last month, Paytm had said it was expanding its educational services from fee payments, application forms and career counselling, to education insurance, loans and job applications.


Paytm Money introduces NFO subscription, to allow investments from all 40 AMCs
Posted on 26th August 2019
Bengaluru: Paytm Money, one of India's largest online platforms for mutual fund (MF) investments, on Friday announced a new offering which allows users to subscribe to NFOs (New Fund Offers) of mutual funds. With this, the platform will allow investments in NFOs from all 40 AMCs in India.

Paytm promotes CFO Madhur Deora as President
Posted on 19th August 2019
New Delhi: Gearing up for the next phase of growth in consumer Internet and financial services, digital payments player Paytm on Monday announced the promotion of its Chief Financial Officer Madhur Deora as the company's President.

Prior to joining Paytm in October 2016, Deora served as Managing Director in Citigroup's investment banking business.


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